HUT 8 ACQUIRES TWO POOLIN DATA CENTER SITES FOR $140 MILLION IN BANKRUPTCY AUCTION • Hut 8 submitted winning $140 million bid. • Assets include Pyote and Tarbush facilities. • Acquired through bankruptcy auction proceedings. • Adds significant industrial energy capacity. Background details: • The assets were liquidated under Chapter 11 bankruptcy filings submitted by mining pool operator Poolin. • The acquisition includes substantial energized substations and transmission capacity across Texas. • The purchase price represents nearly triple the initial bankruptcy stalking-horse reserve valuation of $52 million. • Hut 8 will utilize the sites to expand high-density infrastructure for both digital mining and AI computing pipelines. • Large digital asset mining operators continue acquiring distressed energy infrastructure to support computing power demands. • The transaction received formal operational review from federal bankruptcy courts.